"Americans Are Being RIPPED OFF" - Trump’s 10% Cap PUTS Credit Cards ON NOTICE
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 16 January 2026
⏱️ 21 minutes
🧾️ Download transcript
Summary
Donald Trump floats a one-year 10% cap on credit card interest rates, igniting a debate over affordability, free markets, and unintended consequences. Patrick Bet-David and the panel break down who benefits, who loses access to credit, and why price controls often backfire.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Trump floats one year 10% credit card interest rate cap, what that could mean for your money. |
| 0:07.7 | Rob, I think you got a clip on this one if you want to pull it up. |
| 0:10.1 | I'll read the story and then I'll come to you. |
| 0:14.2 | Here we go. |
| 0:16.6 | Effective January 20th. |
| 0:17.9 | Is this when he's saying that, by the way, or is that he wrote it on Social? |
| 0:22.0 | Okay. |
| 0:22.8 | Go ahead. |
| 0:23.4 | Play the clip. |
| 0:28.2 | Can you go back a little bit, Rob? |
| 0:29.7 | We missed it. |
| 0:31.1 | Well, then they're in violation of the law. |
| 0:35.5 | Very severe things. |
| 0:36.7 | No, I want a cap on credit card interest rates because, you know, some of them are |
| 0:42.3 | 28, almost 30 percent. |
| 0:44.3 | And that the people don't know they're paying 30 percent. |
| 0:48.3 | The people out there, you know, they're working, they have no idea that they're paying 30 |
| 0:52.3 | percent. |
| 0:53.3 | No way. We're putting a one-year cap at 10%. And that's it. They know it. They've really abused the public. The credit card companies have totally abused. I'm not going to let it happen. All right. So, abuser, let me read this to you. Effective January 20th, 20, 26. I, President Trump, this is on Truth Social, I'm calling for one-year |
| 1:13.3 | cap on credit card rates at 10%. A credit card rate cap is enormously popular with Americans, |
| 1:19.0 | said Matt Schultz, chief credit card analyst at Lending Tree. That's why we've seen big names on both sides |
| 1:24.4 | of the aisle proposed credit card rate caps in recent years, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Valuetainment Episodes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Valuetainment Episodes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.